Strategic Partnership: A Better Route to Human Resource Management

Authors

  • Dhruba Lal Pandey Tribhuvan University
  • Nischal Risal Nepal Commerce Campus, Tribhuvan University

DOI:

https://doi.org/10.3126/pycnjm.v15i1.56362

Keywords:

Open market operations, Repo, Reverse repo, Short-term interest rates, Monetary policy

Abstract

The organization of human resources has currently supposed strategic importance in the fulfillment of organizational development and distinction. Companies and organizations are looking for ways to build a strategic partnership between employees and employers. The main objective of the study is to identify factors that help human resources become more of the strategic partner and to examine whether strategic partnership leads to organizational effectiveness or not. In order to fulfill this objective, numerous articles have been reviewed. The researchers compared and contrasted the findings of various articles to identify the common factors that contributed HR to becoming a strategic partner. The extensive review of the literature revealed that human resource planning and development are the most crucial factor for strategic partnership, while other factors do not contribute much to the strategic partnership. Regarding organizational effectiveness, most of the studies showed that HR departments that offer value by acting as a business partners are the most successful.

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Author Biographies

Dhruba Lal Pandey, Tribhuvan University

Dr. Pandey, is an Associate Professor, Central Department of Management, Tribhuvan University. He can be reached at p.dhruba@gmail.com

Nischal Risal, Nepal Commerce Campus, Tribhuvan University

Dr. Risal, is a Lecturer, Nepal Commerce Campus, Tribhuvan University. He can be reached at nischal.risal@ncd.tu.edu.np

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Published

2022-08-01

How to Cite

Pandey, D. L., & Risal, N. (2022). Strategic Partnership: A Better Route to Human Resource Management. PYC Nepal Journal of Management, 15(1), 17–27. https://doi.org/10.3126/pycnjm.v15i1.56362

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Section

Articles